Egypt: Sinai Cement returns to black
Fortune took a turn for the better for Sinai Cement in 2016. The company improved its net results significantly as it reported a net profit of EGP13.47m (US$835,183). In 2015, S...
Egypt
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Egypt: Suez Cement reports deepening net loss
Suez Cement has reported a deepening net loss of EGP629.3m (US$33.8m) for 2016. This compares with EGP100.8m reported in 2015.
Egypt: Tourah Cement sees improving net loss in 2016
Tourah Cement has reported improved company results in 2016. The company reduced its net loss from EGP218.97m (US$13.5m) in 2015 to EGP151.05m in 2016. Tourah Cement is a subsid...
Egypt: Sinai Cement reports FY16 EGP14.6m net profit
Sinai Cement reported a consolidated net profit of EGP14.6m (US$901,243) for FY16, a significant improvement when compared with the previous year when the company posted a net l...
Egypt: Premiere aims to attract new investment for cement sector
Ahmed Abdelmoghny, managing director of Premiere, said his company sought to raise EGP3.5bn (US$186.9m) for an Egyptian cement company to establish a 1.5Mta cement works on the ...
Egypt: Arabian Cement to reduce US$ loans
The Arabian Cement Company plans to accelerate the repayment of US dollar loans owed to banks during the current year to decrease the total value of these debts to EGP40m (US2.1...
Egypt: Misr Beni Suef Cement postpones coal mill
Misr Beni Suef Cement Company has postponed the installation of a coal mill at its Beni Suef plant to the 3Q17. The coal mill is expected to cost EGP18m (US$0.96m).
Egypt: South Valley denounces new capacity project
Three private companies are reported to have gained licences for new plants in Egypt after the latest round of bidding,
Egypt: floating pound sends cement prices skywards
Building materials prices have increased sharply in Egypt since the country floated the pound, according to industry sources. They said the price rise could threaten projects, f...
Egypt: Aumund to supply conveying equipment for six clinker lines
The Egyptian government has signed a contract with Chengdu Design & Research Institute of Building Materials Industry, part of Sinoma International Engineering, to build six cli...